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Free AccessMNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
(U9) Trend remains bullish, 112.220....>
SCHATZ TECHS: (U9) Trend remains bullish, 112.220 is support
*RES 4: 112.549 4.618 Fibonacci swing proj of May 10-May 15 move from May 22 low
*RES 3: 112.429 3.618 Fibonacci swing proj of May 10-May 15 move from May 22 low
*RES 2: 112.325 Contract high Jun 18 and bull trigger
*RES 1: 112.280 Jun 25 high
*PRICE: 112.270 @ 02:52 GMT June 28
*SUP 1: 112.220 Low Jun 19 and 21 and key near-term support
*SUP 2: 112.160 Low Jun 19
*SUP 3: 112.113 Trendline support drawn off the May 10 low
*SUP 4: 112.035 Low June 6
U9 Schatz remains in an uptrend however consolidation dominates for now. Last
Tuesday's strong standard line, a Japanese candle continuation pattern, marks
the most recent key technical development. Furthermore, activity since Jun 18
has been within the body of the Jun 18 candle pattern. These factors together
reinforce the overall bullish theme. Initial support has been defined at
112.220, the focus is on the bull trigger at 112.325.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.